MIRA
INFORM REPORT
|
Report Date : |
8th
February, 2007 |
IDENTIFICATION
DETAILS
|
Name : |
YANGTS
JIANG ENTERPRISES LIMITED |
|
|
|
|
Registered Office : |
Palm Drive, Plot 1283 Chelstone, P.O. Box: 51150, Lusaka, Zambia |
|
|
|
|
Country : |
Zambia |
|
|
|
|
Date of Incorporation : |
1999 |
|
|
|
|
Legal Form : |
Private
Limited Liability Company |
|
|
|
|
Line of Business : |
Construction
Company |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
COMPANY NAME
YANGTS JIANG ENTERPRISES
LIMITED
ADDRESS
Street : Palm Drive
Area : Plot 1283 Chelstone
P.O. Box :
51150
Town : Lusaka
Country : Zambia
Telephone :
(260 1) 285 041
Fax : (260 1) 285 041
SENIOR COMPANY PERSONNEL
Name Position
Xu Jian Xue Managing Director
PAYMENTS
Current trade experience
of payments has not been traced.
Our show the following
telephone number for the subject's office, (260 1) 285 041. This number is
continuously unobtainable (out of service) and no new number is listed for the
company. The telephone number that you gave (260 1) 228 3078 does not belong to
the Subject.
Opinion on maximum credit
: In the circumstances we recommend international suppliers deal on a strictly
cash or prepaid basis.
Trade risk assessment :
No classification
Opinion on the credit
figure of US DLRS 5,600,000 / 60 days:
See above comments.
It is normal accepted
practice for international suppliers to deal on secured terms with Zambian
importers.
PRINCIPAL BANKERS
Details of subject's
bankers have not been learnt.
We are unable to confirm
whether Stanbic Bank, Lusaka is the Subject's bankers.
FINANCIAL INFORMATION
Balance sheets are not
available. Financial information could not be obtained from other sources.
LEGAL STATUS AND HISTORY
Date Started : 1999
Paid up Capital : not
given
Private Limited Liability
Company with the following shareholders :
Details of the company's
shareholders have not been learnt.
ACTIVITIES
The Company is involved
in the following activities :
Construction company.
Completed project:
Replacement of 16 runway
fire hydrants and 5kms of water distribution pipeline at the Lusaka
International Airport.
FACILITIES
The Company has the
following facilities :
Premises located in
Lusaka.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|